Can America Capitalize on Natural Gas?

by James D. Hamilton, reproduced from EconBrowser.com Editor’s note: This article originally appeared at Econbrowser with the title: Using Natural Gas Here’s a promising story for the U.S. economy. The figure below plots the price of crude oil in dollars per barrel and the price of natural gas on an equivalent BTU basis. Historically, the …

Can America Capitalize on Natural Gas?

by James D. Hamilton, reproduced from EconBrowser.com Editor’s note: This article originally appeared at Econbrowser with the title: Using Natural Gas Here’s a promising story for the U.S. economy. The figure below plots the price of crude oil in dollars per barrel and the price of natural gas on an equivalent BTU basis. Historically, the …